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In this video, the discussion centers on Managed IT Services, detailing what they are, how they function, and their significance. Managed computer services involve hiring an external entity to handle a business's IT needs. Initially, small business owners often manage IT tasks themselves, relying on personal contacts for support. However, as the business grows, they recognize the need for professional IT assistance. Business owners have two options: employing a full-time in-house IT staff member or outsourcing IT services to an external IT services company. The conversation illustrates the transition from self-managed IT to seeking professional help for efficiency and growth.